Exchange or Wallet?

[Fossbegood]

I plan to buy some crypto currencies, but I don’t know which wallet l can trust. I use iOS, Android and a Mac platforms. Could you please recommend something that will fit my needs?

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[jaredl]

It depends on what coins you want to keep for the long term.

These coins which form your long term investments must be kept in your own wallet and in a hardware wallet if supported.

For those coins that you are trading, then keep on the exchanges.

It is important to evaluate what are the coins you are really thinking of keeping for the long term.. if you are having a problem keeping track, then it probably means you have too many on your portfolio.

Any exchange can also close down.. so pls be careful when storing coins on the exchanges.

[titusha]

I have a question.

What is better? To keep your coins on some Exchange site or to open wallets for each coin?

I would like to hear some advice.  What are pros & cons of each option?

Thanks

If you want to trade, then definitely you need to keep money on the stock exchange. And you want to invest and leave coins for a long time, then I would recommend using wallets. and I use a few wallets, for greater security investments.

[benteng]

When you have made money from investing in altcoins, you may keep at your wallet or at exchange agent.This decision depends on you. If you want to hold it within several months to come, it will be better and safer to keep it at your wallet.you have full controll on it and at any time you can cash or transfer to another. While keeping at exchanger, will be more risky because you can not controll it directly. This is my short idea and advice.

[Vaflia]

I believe that if you invest in a long time, it is necessary to create a wallet for each of your coins. It is difficult, but so your money will be safe, because the exchanges have a lot of problems and they are not suitable for long-term storage.

[Flor1982]

I have a question.

What is better? To keep your coins on some Exchange site or to open wallets for each coin?

I would like to hear some advice.  What are pros & cons of each option?

Thanks

Personal wallet is likely the most recommended but not that online wallet like myetherwallet but you should use the offline type like Nano Ledger in which a hardware wallet. If exchange and its wallet will be compromise, it will same with the personal online wallet in which booth can be compromise and can do an inside job scenarios.

[Nakedbitcoin]

I have a question.

What is better? To keep your coins on some Exchange site or to open wallets for each coin?

I would like to hear some advice.  What are pros & cons of each option?

Thanks

It depends on what do you want. It is just a case to case basis. If you want a long term investment then you must create your wallet. It is best if it is offline wallet, a hardware wallet. If you observe you can get a big profit, then trade right away. You just need to be observant and be strategic.

[Babayan]

I believe that if you invest in a long time, it is necessary to create a wallet for each of your coins. It is difficult, but so your money will be safe, because the exchanges have a lot of problems and they are not suitable for long-term storage.

Agree with you. You can store your money on exchange only if you are a trader. But for long-term investors it will be more safely to store their money on cold wallets.

[Pedro18]

I have a question.

What is better? To keep your coins on some Exchange site or to open wallets for each coin?

I would like to hear some advice.  What are pros & cons of each option?

Thanks

If you are active trader, you can store your coins in exchange, because you are buying and selling in short period of time. If you are investing for long term, much better to hold it in your personal wallet.

[lighterkek]

If you want long-term investments, I can say that wallets are safer, but we use both. We prefer to exchange in order to shape the investments in the day

[kiky03]

Why not save coin in exchange,for me it's no more take fee so it much better than just hold in your wallet

[Ido_Liberdy]

it is always best to keep them in a wallet and better than that a cold wallet which is not stored on you PC.

but it depends on your purpose for holding coins. i would suggest not to keep any coins on the exchange due to problems might occur as seen in the past.
so if you are day trading just pull them out at the end of the day. you might pay a bit more fees but your coins will be much safer.

[Crypto_Day_day]

Yo.

never leave you coin on the exchange.

i have friends lost a LOT of money over hacks.

you should always keep your coins in wallet and your keys safe.

[Space32]

It is better to keep funds in a cold wallet, or on an offline wallet, but only buy them from the manufacturer or an authorized representative, so as not to buy an offline wallet with a virus, etc.
In addition, the funds can be stored on the stock exchange for rapid trade in the case if the rates have changed dramatically in any direction (up or down). But this is more suitable for those who invest for a short term and focuses on courses and trading.
In addition, the advantage of storing funds on exchanges is the getting of new coins after the hardforks. But there a bad things of keeping the funds on the stock exchange too, for example, the possibility of hacking the exchange, the scam from the side of the exchange itself (not actual for the largest exchanges), long pending with deposits and withdrawals due to server loads or system failures.
And the best wallet, in our opinion, is the brain wallet. Use it wisely and then you will be fine, you just need constant updates of this wallet to the latest actual versions.

[pugi2]

It is better to store your coins in a wallet. Once a trading platform is hacked say goodbye to your beloved coins. Though having your coins in an exchange is quite advantageous too, let's say the price of the coin suddenly went up, you can easily trade it. Having it in your wallet, it will need quite some time to be confirmed and during this time price might have already dropped.
If you're in with holding the coin for a long time, store it in a wallet, and just trade it whenever you're ready or you really need to.

Store in wallet and exchange is depending on how we will use the coin.
From your point, it depend on long or short term trading. So i think thats right so please use the platform depending on your need.

[LitleCryptic]

As it seems to me to work with amounts up to $ 10,000, you can use exchanges, but in this case I distributed the amount at least between three exchanges. After that, after increasing the deposit of the coin, which would deduce a lstrong coin to the wallet. Or, initially, to build a conservative portfolio and put everything on a wallet.

[Jamesdila1]

if you dont hold private keys then those coins are not yours. so if the exchange got hacked or they scam then you will lost your funds. so always try to use a wallet for each coin or token.

[Protected101]

I have a question.

What is better? To keep your coins on some Exchange site or to open wallets for each coin?

I would like to hear some advice.  What are pros & cons of each option?

Thanks

For me its better to keep your coins in wallet instead of exchange must be hacked any moment.In wallet you can have a private keys to make it secured and get increased by holding it.

[Mkmanik]

Dont try to store your coin into exchange wallet.Its not safe (my personal opinion).for doing trade you can use exchange site wallet.but for long time hold you must need to hold your coin in your private wallet(those wallet that has private key into your pocket)

Hacker every time trying to hack our money,so they are very active.we need to be serious for our asset.we need to keep them into a safe place and the most safe place is the wallet that has private key near to you.so every time try to use personal wallet (desktop,official wallet)

[stigmacryptonight]

If I myself save in some exchange, then in hold within a certain period. But there are some coins that are kept in the wallet. just a savings account, especially a POS wallet